BofA analyst Jason Zemansky raised the firm’s price target on Madrigal Pharmaceuticals (MDGL) to $581 from $456 and keeps a Neutral rating on the shares. The firm is increasing its near-term Rezdiffra forecasts after having conducted a small prescriber survey, but remains below long-term consensus, the analyst tells investors.
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Read More on MDGL:
- Cautious Outlook for Madrigal Pharmaceuticals Amid Competitive Pressures and Adoption Challenges
- Madrigal Pharmaceuticals price target raised to $670 from $560 at B. Riley
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- Strong Adoption and Market Expansion Drive Buy Rating for Madrigal Pharmaceuticals’ Rezdiffra
- Madrigal price target raised to $620 from $568 at H.C. Wainwright
